China's Foreign Minister Wang Yi reportedly told the EU's top diplomat Kaja Kallas on July 3 that the country cannot afford for Russia to lose the war in Ukraine amid fears the U.S. would shift focus towards Beijing, the South China Morning Post (SCMP) reported, citing sources familiar with the conversation.
Chinese foreign policy regarding Russia is unlikely to change under a new leader. Supporting Russia‘s war by continued trade while publicly calling for a diplomatic solution is a very comfortable position. They weaken the West while making Russia more dependent on them. All of that while getting financial advantages from importing cheap energy from Russia and exporting goods.
The posturing regarding Taiwan could change in tone, but fundamentally China‘s goals and interests are unchanged.
Things are going pretty well for China on many levels.